Three U.S. senators have asked the CEO of Silvergate to disclose details of the Silvergate Bank’s connection with bankrupt FTX. Warren and two other senators sent a letter last week to Lane raising questions about the security precautions that the La Jolla-based Silvergate Capital has in place. Also, a class-action lawsuit claims crypto bank Silvergate…
Amid the U.S. Senate hearings on the FTX crash this week, Sens. Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan) introduced the Combating Digital Assets from Money Laundering Act, targeting the crypto sector with a series of proposed regulations dubbed by critics as tyrannical and unconstitutional. The bill effectively kills the golden goose. The new legislation has…